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Upon completion of the course, students will be able to:
1. Identify the process used to establish credit and/or credit worthiness for a business.
2. Identify and develop a mission statement for a business by completing a self-evaluation
and setting goals.
3. Review various types of business structures, methods of compensation, and contracts.
4. Record various business transactions related to clients, vendors, shippers, and employees
using the Design Manager Software Program.
5. Develop and record sales proposals, sales orders, purchase orders, work orders, invoices
and consulting hours using the Design Manager Software Program.
6. Create reports sorted by date, client, vendor, or employee using the Design Manager
Software Program.
7. Identify product warranties, vendor liabilities, and mechanics liens using the Design Manager
Software Program.
8. Identify methods and practices for post ordering considerations used in the Interior Design industry.
9. Demonstrate the ability to market services for an interior design business.
10. Compile a terminology list related to the design profession and finances.
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I. Understanding Credit and Establishing Credit Worthiness
A. FICO (Fair Isaac Corporation ) scores and importance - Improve FICO scores, federal and state agency support phishing, fraud, freezing credit, ID theft
B. Personal ID theft
1. Review forms needed for reporting
2. Agencies reporting grading
3. Timelines for filing
4. Consumer costs involved
II. Developing a Mission Statement
A. Importance
B. Self evaluation
C. Focus areas to develop mission statement
III. Setting Goals for Business
A. Review business structure
1. Sole proprietorship
2. Partnership
3. Corporation
B. Methods of compensation
1. Design fees
2. Product pricing
3. Discounting
4. Trade association review
5. Professional Trade Association and value of participation
C. Interpersonal communication skills
1. Listening
2. Communicating
3. Professionalism
4. Team building
IV. Basic Maneuvering in Design Manager Software
A. Windows/tabs/fields/defaults
B. Company and project data/advanced options for printing and formatting documents
C. Databases: clients, vendors, shipping, tax codes
D. Input components building items
E. Create and manipulate documents (as proposals, purchase orders, status reports, invoices)
F. Shippers and vendors
1. Input terms
2. Pricing
3. Payables
4. Contacts
5. Status management
G. Purchases and receiving
1. Purchase orders
2. Receiving
3. Packing slips
4. RGA's (Return Goods Authorization)
5. Back orders
H. Invoicing client/vendor (receivables)
1. Design Manager Software Program automatically creates invoice from data input
2. Client pays invoice (receivable)
I. Payable vendors
1. Design Manager Software Program automatically creates documentation when
items are received
2. Design Manager Software Program automatically prints checks
V. Contracts and Business Form:
A. Mastering client budgets
B. Transmittal form
C. Designer/client contract
D. Contract with independent contracts
E. Contract with fabrication
F. Equipment rental
G. Storage contract
H. Scope of services schedule
VI. Vendor Terms and Conditions
A. Warranties
B. Pricing
C. Liabilities
VII. Mechanics Liens
A. Definition
B. Importance of filing
C. Timeline for filing
D. Eligibility for filing
1. Electricians, plumbers, design groups, contractors, roofers, tile setters
2. Heating/air companies, window/door suppliers, sheet rock vendors and installers, etc.
VIII. Post Ordering Considerations - Follow up calls to clients, vendors
IX. Marketing Your Services
A. Asking for referrals
B. Sending notes of appreciation
1. Trade (plumbers, carpenters, etc.)
2. Clients
3. Vendors
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1. Class worksheets and lab projects using the various screens in Design Manager Software
Program. (approximately 20-25)
2. Lab reports including financial summary reports (approximately 4)
3. Weekly written and verbal summary reports (6-8) covering business articles, credit and finance
employee/client relationships, analyzing skills, prospecting, qualifying
4. Reference notebook including a terminology list related to the interior design profession
and finance
5. Quizzes (3-6)
6. Midterm (1) and final exam
7. Read approximately 8-15 pages per week from Design Manager Manual and other sources
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Design Manager Software and Manual for Windows, Franklin Potter, DM 2011.
Reader for Design Manager Software
Instructor prepared materials